AB | Settlement Offer Would Force Major Changes to Mortgage Servicers

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AB | Settlement Offer Would Force Major Changes to Mortgage Servicers

AB | Settlement Offer Would Force Major Changes to Mortgage Servicers

American Banker  |  Friday, March 4, 2011

By Cheyenne Hopkins

WASHINGTON — Federal regulators issued a tough opening salvo in settlement talks with the largest servicers, presenting them with a 27-page term sheet that would force major changes to the industry and step up loan mitigation efforts.

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2 Responses to “AB | Settlement Offer Would Force Major Changes to Mortgage Servicers”

  1. TrickleUpPolitics says:

    I read that Freddie Mac and Fannie Mae are forbidden by federal law to offer principal reductions in a loan mod, so how does this settlement help the homeowners whose loans are owned by the GSE’s? Is this just supposed to pacify us?

  2. Eugene Villarreal says:

    The Servicers are NOT The Party of Interest. They didn’t LEND the MONEY.
    The pretender/lenders are NOT the of Party of Interest. They didn’t LEND the MONEY.
    Wer need Jac Costue(Pink Panther) on the Case.

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